Are you looking to expand your property portfolio? Have you considered investing in luxury real-estate? Luxury properties are on the rise, which is why there is always competition to see which properties have better amenities to attract top-end tenants. While the majority of the population cannot afford to live like royalty, there are a select few who you can entice by investing in properties with luxury perks.
Take a look at these tips, which will help you find the right luxury property for you.
Is a property really high-end if it doesn’t have a great view? This is one of the key things people will look for, especially when they don’t have to worry about their budget. Having a view in the bathroom or bedroom is a sought-after perk, as it provides a vacation feel, which is a great selling point.
Property experts like RW Invest understand their high-end clients’ needs by providing them with lavish apartments with access to spectacular skylines via their rooftop gardens. This provides a place for tenants to relax and is also a great place to network amongst their wealthy neighbours.
More and more properties are now kitted out with the latest smart home technology, which works to make lives easier while also saving the planet and reducing outgoings. One of the most popular types of smart automation is home hubs like Amazon’s Alexa, which can help tenants with everything from reminders to music suggestions and more. This type of technology is designed to make home life much easier, as it can control everything from temperature to scheduling chores, so it is definitely something you should consider in your investment to generate tenant interest.
You may think that your target tenants are not interested in making savings, as it may seem like they have money to burn. This is not the case, as wealthier tenants face much larger household bills, so they would jump at any opportunity to reduce them. With technology like smart thermostats, they can actually monitor their energy usage, which will help them to cut down their bills and also lead a more eco-friendly lifestyle.
When tenants are searching for a property they always look out for something that stands out. Consider converting one of your rooms into an entertainment space, such as a cinema room or games room. You should think outside of the box when designing this type of room, as you’re looking to entice your tenants and they are looking to impress their guests.
When decorating your entertainment room, you should keep the basic decor like the wall and floor simple, as the focus should be on the entertainment factor. For a home theatre, you should choose luxury but comfortable furniture that will create the ultimate relaxation space. To ensure your design looks sleek, you should bring in a professional who will help you pick out the finer details, as well as advise you on the best surround sound equipment to use in your cinema room. You should make sure not to rush the renovation process, as you want every room to look perfect in order to gain interest and start capitalising on your investment.